2026-01-04T19:09:38.332Z<\/p>\n
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Copy link Email Facebook<\/p>\n WhatsApp<\/p>\n X<\/p>\n LinkedIn<\/p>\n Bluesky<\/p>\n Threads<\/p>\n lighning bolt icon Impact Link<\/p>\n Save <\/p>\n Read in app<\/p>\n <\/a> <\/p>\n This story is available exclusively to Business Insider The US captured Venezuelan President Nicol\u00e1s Maduro in a surprise raid on Saturday. Venezuela is home to over 300 billion barrels of proven crude oil \u2014 more than any other country in the world.<\/p>\n That’s not the reason President Donald Trump gave, however, for the surprise raid on Venezuela<\/a> on Saturday that netted its president, Nicol\u00e1s Maduro, and his wife.<\/p>\n The Trump administration said Maduro’s capture was a law enforcement operation. Maduro has been indicted on drug trafficking and weapons charges and is now awaiting his first hearing in a notorious Brooklyn jail<\/a>.<\/p>\n In a press conference on Saturday, though, Trump said that with Maduro removed from the country, the US would now look to tap the country’s oil reserves.<\/p>\n “We’re going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,” Trump said.<\/p>\n
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\n In a press conference, Trump said the US will look to tap the country’s oil reserves.
\n Venezuela is home to over 300 billion barrels of proven crude oil, the largest reserves globally.<\/p>\n